Mainstream Minerals stakes additional ground at its Birch Lake, Ontario property located on the Birch-Uchi Greenstone Belt
(via Thenewswire.ca)
Mainstream Minerals Corporation (TSX.V: MJO) (“Mainstream“) is pleased to announce that it has increased its land position at Birch Lake by staking three mining claims totalling 40 units covering an additional 640 hectares. The Birch Lake property is located in the Keigat Lake Area of the Red Lake Mining Division of Ontario. These newly staked claims are in addition to those acquired via an option agreement as was announced in a news release dated on April 20th, 2011. The original agreement consisted of two separate claim groups: a south-eastern claim group sitting between, and adjacent to, Gold Canyon Resources Inc.'s (TSX.V: GCU) Springpole Gold Project and Pelangio Exploration Inc.'s (TSX.V: PX) Birch Lake property; and a north-eastern claim group adjacent to Pelangio Exploration Inc.'s Birch Lake property. These three newly staked claims now tie both the south-eastern and north-eastern claim groups together while also covering the Canamer Prospect. As a result, Mainstream's property at Birch Lake forms a contiguous land package covering 2,080 hectares.
Mainstream's Birch Lake property is situated in the northeastern portion of the Birch-Uchi greenstone belt within the Uchi Subprovince of the Archean Superior Province. Prospective Balmer assemblage and Confederation assemblage volcanics with mafic intrusive and metasedimentary rocks have all been mapped on the property by the Ontario Geological Survey.
The Canamer prospect is situated on the newly staked claims and is located on the eastern shore of Birch Lake. Gold mineralization at the Canamer Prospect is associated with pods and lenses of intensely sulphidized, silicified, folded and brecciated iron formation.
The sulphidized, brecciated zones consist of abundant pyrite with lesser amounts of pyrrhotite, arsenopyrite and chalcopyrite with an alteration assemblage of quartz, biotite and chlorite. The largest sulphide-breccia zone located on surface to date is l meter wide and 2 meters long and is exposed at the Main Showing. Assays reported by the Resident Geologist from grab samples assayed 0.50 ounces gold per ton and 0.34 ounces silver per ton.
In a review of government assessment files it was noted that historical drilling by Canamer Mining Corporation in 1966 intersected a 14.7 foot wide zone of brecciated iron formation that returned assays of 0.18 ounces per ton gold over 5.0 feet, 0.16 ounces of gold per ton over 5.0 feet and 0.32 ounces per ton gold over 4.7 feet.
Mainstream President and Chief Executive Officer, Michael Romanik, says: “We have been watching these claims for a while and waiting for them to come open. Mainstream is very fortunate to have been able to add these new claims covering the Canamer Prospect to our existing Birch Lake project. The Canamer Prospect is a significant occurrence in the area and adds another great target to focus our exploration efforts.“
Garry Clark, P.Geo is the Qualified Person pursuant to National Instrument 43-101 and has reviewed and approved the technical disclosure in this press release.
About Mainstream Minerals
Mainstream Minerals Corporation is a mineral exploration and development company focused on precious metal mining properties with economic potential, with the aim of bringing such properties to commercial production. With a portfolio of six projects located in the Birch Uchi Greenstone Belt, Red Lake Mining District, the company is well positioned to take advantage of the resurgence of exploration and development activities in this prospective belt located 80 kilometres due east of the main Red Lake Greenstone Belt. These six projects cover an area of approximately 28,600 acres and host several known gold occurrences and past producing mines. Other projects include the Rowan Lake project on the Cameron Lake-Pipestone Fault in the Kenora Mining District, the West Keefer and Price Claims located in the West Timmins area in north-central Ontario and the Casa Berardi Claims in northern Qu?bec.
MJO Shares Outstanding: 53,972,130
ON BEHALF OF THE BOARD
Signed “Michael Romanik“
Michael Romanik, President & CEO
(204) 222-0137
info@mainstreamminerals.com
www.mainstreamminerals.com
This news release includes certain forward-looking statements concerning the future performance of Mainstream Mineral Corporation's business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as “may“, “plan“, “expect“, “anticipate“, “estimate“, “intend“ and similar words referring to future events and results. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company's recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and readers are cautioned against placing undue reliance thereon.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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